By Julie Reynolds Alden Global Capital, owner of the Digital First Media newspaper chain, has become the largest holder of Tribune Publishing Co. stock, according to Securities and Exchange Commission filings. Tribune publishes the Chicago Tribune, The Baltimore Sun, The… Continue Reading →
By Julie Reynolds Twenty-one prominent US Senators have sent a scathing letter to the founders of Alden Global Capital, decrying its “newspaper-killing business model” and vowing to “continue watching Alden closely.” The letter was sent last week on the eve… Continue Reading →
Digital First Media’s profits “near the top of the industry,” company says in takeover letter By Julie Reynolds Billing itself as a savior of newspapers, vulture hedge fund Alden Global Capital has made a $1.36 billion hostile takeover bid to… Continue Reading →
Alden and former Digital First Media execs prosper despite lawsuits and bad investments By Julie Reynolds BREAKING: Just as this story posted, Fred’s Pharmacies filed a Worker Adjustment and Retraining Notification to announce that 80 employees will be permanently laid off… Continue Reading →
Hedge fund turns a blind eye to rats and mildew to rake in industry-topping earnings By Julie Reynolds The hedge fund behind draconian staff cuts at Digital First Media newspapers — including The Denver Post, San Jose Mercury News… Continue Reading →
By Julie Reynolds The rebellion two weeks ago by The Denver Post’s editorial board against the newspaper’s hedge-fund owners spurred a national outcry, including a front-page article in The New York Times and coverage in The Washington Post, Time magazine,… Continue Reading →
SIGN THE PETITION DOWNLOAD PRINTABLE POSTERS: 8.5×11 11×17 DOWNLOAD PRINTABLE DFM/ALDEN FACT SHEET Fact Sheet HASHTAG FOR SOCIAL MEDIA SHARING: #AldenExposed Journalists Demand Owners Put Quality News Before Profits Pacific Media Workers Guild, Local 39521 415-421-6833 guild@mediaworkers.org JOINT STATEMENT… Continue Reading →
• SIGN THE PETITION: Tell Duke to cut ties to Alden/Heath Freeman By Julie Reynolds The NewsGuild-CWA, which represents workers at 12 Digital First Media newspapers, is urging Duke University to sever its ties to hedge fund president… Continue Reading →
This is not the usual “hard times for newspapers” lament. Alden is cutting news staff at more than twice the national rate. By DFMworkers staff The argument for responsible, local ownership of Digital First Media newspapers grows stronger every day,… Continue Reading →
© 2023 Save Local News —
Theme by Anders Noren — Up ↑